How To Bet The Nfl
NFL is one of the most popular sports available for gamblers to bet on using the Vegas odds. However, understanding the difference between the odds available at Vegas odds sites such as Caesars Sportsbook is one of the most important factors that gamblers must take into consideration before making their wager. But, what are the biggest differences and what markets can you expect to bet on the NFL using?
Betting on NFL Point Spreads: Spotting, Taking, and the Push Point-spread sports gambling works by “spotting” points to the underdog and “taking” points away from the favorite prior to kickoff.
The most popular way to bet on the NFL is on the “point spread” for each week’s games. Oddsmakers will usually release that week’s point spreads on Monday for that week’s schedule. The spread is designed to level the playing field between the favorite (giving the points) and the underdog (getting the points) in a particular matchup. Conversely, if you’re planning to bet on a public team, jumping on an early line is likely the best decision. Diversify Your NFL Bets. There is success to be had betting on the moneyline, the spread, and game totals. But to maximize your success, it’s crucial to know all the alternative bets you can make. The point spread is the most popular way to bet on the Super Bowl. It’s the perceived margin of victory of the game. The favorite is indicated by a negative value (-) in front of the spread and the.
What Are The Biggest Differences?
Many gamblers often wonder what the biggest differences between betting on Vegas odds and other sportsbooks are, and one of the most significant differences is the odds. Vegas odds are typically better value for customers, and that can be seen in the example below:
- Jacksonville Jaguars +700
- Green Bay Packers -1100
How To Bet On The Nfl Game Tonight
These odds were taken from Caesars Sportsbook, and are better than a number of offshore sportsbooks that we looked at. One offshore sportsbook offered +550 on the Jacksonville Jaguars on the Money Line, and -900 on the Green Bay Packers. As you can see from the odds, that means gamblers betting with Vegas odds would be able to win higher returns when betting on the underdog for this NFL fixture.
However, it depends on the market that you’re betting on. As the spread and over/under total points markets for the same fixture are exactly the same.
How To Bet On The Nfl Draft
These are the odds for those markets with Caesars Sportsbook:
- Jacksonville Jaguars (+13.5) -110
- Green Bay Packers (-13.5) -110
- Over 50 Points -110
- Under 50 Points -110
How To Read Vegas Odds (NFL)
Reading the odds are very straightforward, and we can use the same examples above to explain:
How to Read NFL Odds
If you stake a $10 bet on the Jacksonville Jaguars, then you could stand to win $80 in returns. The returns will be made up with $70 in profit after betting on the odds, while you will also get the $10 back that you wagered.
However, if you opted to bet on the Green Bay Packers, you would get $10.90 in returns on the Money Line. $10 of those returns would be the stake that you placed on the bet, while the $0.90 would be the profit from the odds that you have bet on. Vegas odds in the American format isn’t the only way to read odds, as the leading sportsbooks allow you to change the format to a fractional or decimal layout. You can see below how the odds convert:
How To Bet The Nfl Redzone
Other NFL Markets Available With Vegas Odds
One of the other big differences between offshore and Vegas odds sportsbooks are the number of markets available. Offshore sites will allow gamblers to wager their money on markets such as First Drive Result, Double Result and Winning Margin. These markets aren’t traditionally offered with sportsbooks like Caesars. However, there are other markets that you will be able to find with this sportsbook.
- 1st Half Money Line- Gamblers will be able to bet on the team that will be winning at the half-time break.
- 1st Half Total Points- There is an over/under market focused on the number of points scored in the first half. The site will set the total, and gamblers will bet on whether the number of points scored will be higher or lower.
Should I Sign Up To Take Advantage of Vegas Odds?
Vegas odds are one of the best ways to bet on the NFL action, which means signing up to a site such as Caesars is a no-brainer. You will be able to bet on competitive odds on all the markets that are on offer, while there are excellent promotions that new customers will be able to take advantage of. Understanding Vegas odds is also straightforward, which means that it will appeal to beginners that are wagering their money on the NFL for the first time.
If you are looking to bet on the NFL to make money you have found the right website. Sure, betting adds a lot of excitement to watching the NFL games, but here at TheSportsGeek.com we are in it to make money over the course of each NFL season.
Making a profit of the course of the NFL season is tough, and the average bettor will not do it, but I am here to give you a few NFL betting tips and strategies (most that follow the normal sports betting strategies) that will help you have a better shot at making money this NFL season.
NFL Betting Strategy Articles (Advanced):
» Teaser Betting Strategy
» Prop Betting Strategy
» How To Get Max Value When Betting
» Future Betting Strategy
» NFL Bye Week Betting Strategy
Basic NFL Betting Strategies and Tips
Did you know that you need to hit above 52.4% of your NFL bets (assuming you are betting -110 odds) in order to profit? Doesn’t sound too hard does it? It is actually extremely tough to do, and only the best of the best can consistently hit 53%+ winners year in and year out in the NFL.
Use the basic NFL betting strategies below to help you on your way to a profiting NFL season.
#1 NFL Betting Strategy – Money/Bankroll Management
When you are betting on the NFL season you will want to set aside a certain amount of money to bet with that you can afford to lose, known as your “bankroll”. I suggest you either make a weekly bankroll, monthly bankroll, or full season bankroll (I do full season).
For example, you may set aside a $3000 bankroll for the full NFL season that you can use to bet with. A general rule of thumb for NFL betting I go by is to only use 2-5% of my bankroll for each bet. In this example, it would allow us to make $60-$150 wagers on each game we bet. You can use 2% for your smaller plays and 5% for plays you really like.
One common mistake is to increase the size of your bets as you start winning or to chase losses with biggers bets – remember the NFL is a long season and to profit over the course of the season you need to manage your money smartly.
#2 NFL Betting Strategy – Look For Weekly Edges
I can’t believe how many times I will see bettors who play every game (or close to) in the NFL each week. This is a recipe for disaster in the long run – to be a winning NFL bettor you need to find edges and capitalize on them.
Find what you think may be an edge in the NFL lines and make your bets based on that. Some weeks you may be making 4 bets, some weeks 6 NFL bets, and hell some weeks even just 1 or 2 NFL bets on the whole weekend. Don’t force bets because you want action and want to make the NFL games more exciting. If you want to make a profit this NFL season find a few good plays each weekend and bet them with 2-5% of your bankroll like we mentioned above.
#3 NFL Betting Strategy – Line Shopping
In order to have the best opportunity of making money this NFL season, you will need to make sure you do a little bit of “line shopping”. Line shopping is simply checking a few different sportsbooks and comparing the lines on the plays you like. For example, you may like the Bears to cover the 5 point spread on Monday night. Before you place your wager you should check other sportsbooks, as one of them might have the Bears listed as 4.5 point favorites instead of 5 point favorites.
I suggest you sign up at 3-4 of the best NFL sportsbooks listed in our Online Sportsbook section and compare the lines on each before you make any bets this NFL season. This NFL betting strategy can help you win a few extra wagers this NFL season and help you on your way to a winning season!
#4 NFL Betting Strategy – Bet Sober and Don’t Tilt
Bet Sober – This may seem pretty obvious, but there are hundreds of thousands of bettors who don’t follow this week in and week out during the NFL season. Do you think it’s a coincidence that Vegas casinos offer gamblers free alcoholic drinks? Drinking will impair your judgment while betting – save the beers for when the games start and you are done making bets.
Don’t Tilt – Everyone losses. Even the best NFL handicappers lose bets 40% of the time. Don’t let your emotions get the best of you. Some bettors may take a few bad losses and start to make very poor decisions as their emotions have taken over. Make sure you have a clear mind when making your NFL bets. If you feel like you are on tilt go for a walk or do something to calm down and don’t bet until you are back to your normal state of mind.
You are now ready to become a winning NFL bettor – Follow our Sports Picks for weekly NFL prediction articles and sign up at Bovada.lv for a $250 Free Money bonus for this NFL season!